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BBCNEWS World July 5, 2024

editor faisal islam. this is clearly a mess but the expectation in financial circles is that shareholders will provide the funds to keep thames water going. but the question is how did this come about in an industry that should be so simple, providing a product that everybody needs, and provided the monopolies of several million customers with no competition. and the answer is in hugely complicated structures, huge debts, and lots of regulation. the boss of thames water, sarah bentley, abruptly stood down on tuesday. she was battling to turn around the company after a legacy of under investment. let s discuss what s at stake with dr kate bayliss from the centre for water and development at soas university in london. thank you for being on the programme. faisal islam there talking and touching on some of theissues talking and touching on some of the issues why thames water is where it is. can you elaborate on that, please? on that, please? yes, well, thames on that, p ....

Sally Bundock , Business Stories , Thames Water , Contingency Plans , State Control , Faisal Islam , Sewage Pollution , Sewage Networks , Water Leaks , Sarah Bentley , Kate Bayliss , Soas University , In London , Theissues Talking , Water Companies , Water System , Debt Levels , Didn T , Privatisation Hasn T , Isn T , Money Advertising , Spending Money , Infrastructure Stop , Water Services , Very Briefl , Sowers University ,

BBCNEWS World Business Report June 4, 2024 04:33:00

Companies did it while they were making quite substantial returns for investors. is there s returns for investors. is there s not a glaring example of where privatisation hasn t worked, because it s not a competitive market, customers don t have a choice, they can t opt for another provider of water and yet the bills have gone up and the service has got worse. so everybody is now looking at this, years and years later, it s a mess, isn t it? ~ , , . years later, it s a mess, isn t it? ,~ , , it? absolutely. we completely, think, really it? absolutely. we completely, think, really misunderstood - think, really misunderstood water, the that has gone into instructed in terms of a market, but it is clearly not a market, but it is clearly not a market and we had it with some really strange results. we see companies spending money advertising water, which we ve only got one source of water, we ve got it in our taps, spending money on advertising and not spending money on infrastructure s ....

Privatisation Hasn T , Isn T , Money Advertising , Spending Money , Infrastructure Stop ,